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Theoretical Economics, ISSN 1933-6837, 05/2020, Volume 15, Issue 2, pp. 545 - 582
We study banks' incentive to pool assets of heterogeneous quality when investors evaluate pools by extrapolating from limited sampling. Pooling assets of... 
Complex financial products | bounded rationality | D53 | disagreement | sampling | G21 | G14 | market efficiency | C72 | Competition | Incentives | Banking industry | Securities markets | Markets | Equilibrium | Bundling | Prices | Money | Loan originations | Welfare | Assets | Quality | Banks | Robustness | Asset acquisitions | Sampling | Wealth
Journal Article
International Economic Review, ISSN 0020-6598, 05/2020, Volume 61, Issue 2, pp. 871 - 899
Limited information is the key element generating price dispersion in models of homogeneous‐goods markets. We show that the global relationship between... 
Prices | Economic models | Spatial variations | Gasoline | Consumers | Petrol | Markets | Information | Commuting | Gasoline prices
Journal Article
JOURNAL OF POLITICAL ECONOMY, ISSN 0022-3808, 04/2020, Volume 128, Issue 4, pp. 1234 - 1268
Using data on hospitals’ purchases across a large number of important product categories, we find that access to information on purchasing by peer hospitals... 
QUALITY | RETAIL | COSTS | DISPERSION | EQUILIBRIUM | EMPIRICAL-EVIDENCE | ECONOMICS | CARE | Prices | Transparency | Savings | Hospitals | Access to information | Brands | Stents
Journal Article
The RAND Journal of Economics, ISSN 0741-6261, 2020, Volume 51, Issue 1, pp. 158 - 188
We develop a theory of optimal collusive intertemporal price dispersion. Dispersion clouds consumer price awareness, encouraging firms to coordinate on... 
DYNAMIC OLIGOPOLY | MARKET | SEARCH | DISCRIMINATION | COMPETITION | CYCLES | COORDINATION | ECONOMICS | MODEL | SALES | Collusion | Pricing policies | Monopolies | Prices | Sales | Companies
Journal Article
THEORY AND DECISION, ISSN 0040-5833, 03/2020, Volume 88, Issue 2, pp. 231 - 256
There are few models of price competition in a homogeneous-good market which permit general asymmetries of information amongst the sellers. This work studies a... 
EXISTENCE | CORE | BERTRAND COMPETITION | GAMES | INFORMATION | Game theory | Asymmetric information | Maximin utilities | NASH EQUILIBRIA | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | PURE | Ambiguity | Competition | Prices | Utilities | Pricing | Profits | Markets | Buyers
Journal Article
JOURNAL OF ECONOMICS, ISSN 0931-8658, 03/2020, Volume 129, Issue 2, pp. 143 - 172
In many industries, firms give consumers the opportunity to add (at a price) optional goods and services to a baseline product. The aim of our paper is to... 
INFORMATION SUPPRESSION | AFTERMARKET POWER | MARKETS | Cruise industry | FEATURES | IMPACT | SHROUDED ATTRIBUTES | Hedonic regression | COMPETITION | Pricing | Add-ons | ECONOMICS | DIFFERENTIATION | CONSUMER MYOPIA | Prices | Economic models | Hedonism | Power | Consumers
Journal Article
Newspaper Article
JOURNAL OF LAW & ECONOMICS, ISSN 0022-2186, 02/2020, Volume 63, Issue 1, pp. 111 - 148
We consider vertical contracts in which the retail market may involve search frictions. Minimum-advertised-price (MAP) restrictions act as a restraint on... 
MAINTENANCE | CONSUMER SEARCH | LAW | COMPETITION | UNCERTAINTY | FALSE | ECONOMICS | MODEL | Price control | Influence | Research | Vertical integration | Collusion | Discrimination | Resale price maintenance | Customers | Service provision | Consumers | Resale | Profits | Welfare effects
Journal Article
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